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Publication: European Stars and Stripes Wednesday, June 27, 1990

You are currently viewing page 8 of: European Stars and Stripes Wednesday, June 27, 1990

     European Stars and Stripes (Newspaper) - June 27, 1990, Darmstadt, Hesse                                Page 8 a a a the stars and stripes wednesday june 27,1990don�?Tt look now it would be painful for Karl Marx to see his philosophy giving Way to the wave of Freedom and democracy now sweeping East Germany. And a Little girl obliges monday by covering the eyes of the father of communist ideology. The future of the statue in front of the East German parliament has not yet been . German says Money merger going smoothly Munich West Germany apr the economic merger of East and West Germany is going smoothly but the equivalent of $15,1 billion will be needed in its first stages the East German banking chief was quoted monday As saying. In an interview with the Munich based Sud Deutsche Zeitung Wolfgang Krebs director general of East Germany a state Bank also said he does not expect his countrymen to go on a buying spree when the powerful West German Mark becomes the official currency on july 2. A the majority of East German citizens will Endeavor to let the savings they change into Deutsche Marks work for them As a certain precaution. There is in the Public whether it is justified or not worry about their existence a Krebs was quoted As saying. As the economic and social Union draws nearer East germans have been lining up at slate Banks to open accounts with their savings. Depending on age All private savings accounts up to 2,000 Marks $1,200$2,400 and 6,000 Marks $3,600 will be exchanged at a rate of one West German Mark to one East German Mark. The remainder of the savings will be exchanged at 2-1. Each family member including children with the lowest account limit and elderly or retired members with the highest limit will be permitted to Exchange East Marks for West Marks. To minimize abuse each family member wanting to Exchange savings must open a banking savings account to prevent huge sums of Olack Market acquired East Marks from being exchanged at the Bank. Yeltsin says Russia will restrict payments to National government Moscow apr russian president Boris n. Yeltsin told soviet television monday that his Republic will sharply restrict its payments to the National government As it pushes for greater Independence. Two weeks ago the russian parliament declared itself a a Sovereign a though not an Independent country a and said it had the right to overturn soviet Law. The same Day soviet president Mikhail s. Gorbachev tried to stave Oft the Challenge to his National government by promising a new soviet Union of a Sovereign  the suggestion was met with interest by leaders of the republics. Yeltsin a interview indicated one Way that Russia would try to realize that sovereignty. He said Russia the largest of 15 republics in the soviet Union with half its people and three quarters of its land mass will decide How much Money to contribute to each category of the National budget. He said Russia will feed Only the structures that it needs. Yeltsin a Gorbachev rival who favors Radical Reform also said he will Cut the size of the republics bureaucracy in half. Boris n. Yeltsin a Lile soviet gun Plant workers alter arms then Trade for Black Market Vodka Moscow up a workers at a gun Plant Northeast of Moscow have been converting simple firearms into More dangerous automatic weapons and trading them on the Black Market sometimes for Only a bottle of Vodka official soviet television reported monday. The nightly television news show a Tvr Emyan showed a Cache of weapons and ammunition seized by the Kab in the Vladimir Region about 150 Miles Northeast of Moscow and said they had been made at the nearby Tovrov firearms Plant. A Kab official said workers at the Plant had been converting Hunting weapons into machine guns and a Man carries a Mirror monday into a shop in East Berlin. The sign on the window says the business will reopen july 2, the Day of the Germany so economic Mercer. The exchanged Money will not automatically be paid in Cash but a receipt Worth the amount of the newly opened accounts will be provided each account Holder for withdrawal of Cash within the first week of economic Union the newspaper reported. Krebs said that so far a Only about one third of East germans opening accounts had asked for the Quick Cash receipts with the majority opting for investment programs offered by the Banks. Krebs said billions of West Marks had already been transferred from West Germany and stored in East Germany in anticipation of the merger. Asked about How deep seated Public economic merger. Worry is on switching to a free Market after More than 40 years of state controlled Economy Krebs said he thought concerns were mainly Over Price increases and employment. He said it was inevitable that Price increases would have to match introduction of the West German Mark in East Germany but that worries in that area Are a not  a we done to have the Federal republics West Germany a level of wages that cannot yet be and is not justifiable. But we also do not have the Price Levels of the Federal Republic a Krebs said. East Germany has introduced measures to assure that rents cannot be drastically raised in the new free Market. Making pistols from signal guns. A Tvr Emyan said workers at the Plant were Selling the converted weapons outside the Plant and said managers of the facility had failed to guard against theft or account for the weapons it produced. Pointing to a pistol the Kab official said it was sold for a liter of Vodka. A the workers can even drink it in the shop and neither the Foreman nor the head of the shop nor director of the Plant paid any attention a the official said. A blood is shed and Here for a bottle of Vodka they Are ready to give formidable fighting arms to the first person they  corps order issued in Philippines Manila Philippines apr the . Embassy has ordered All peace corps staffers to leave their posts and report to Manila because of reports that communist rebels plan to attack volunteers american officials said tuesday. Ambassador Nicholas Platt issued the order last weekend but delayed the Public announcement for Security reasons said embassy spokesman Stanley Schrager. He said no decision had been made on when the 261 volunteers would be allowed to return to their posts in Rural areas. Schrager said the embassy had received a report that peace corps volunteers had been added to the target list of the new Peoples army which has been waging a 21-year insurgency to establish a marxist state. A this became an Issue because recently we received information suggesting mat peace corps volunteers May be tar a ets of political violence by the spa a Charger said. He refused to identify the source of the report but said the embassy took it seriously. Communist rebels claimed responsibility for killing two american airmen last month near the .-run Clark a and vowed to kill More until All . Troops leave the country. Eight americans Are believed to have been slain by filipino marxist extremists since april 1989.the rebels have made no specific Public threats against peace corps volunteers but have charged that . And japanese Aid workers Are secretly assisting the philippine government in its counterinsurgency operations. Both Washington and Tokyo deny the charges  
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